Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG)’s Operations In 3 Business Segments

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Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG)
dropped by 1.35%. The shares opened at a price of $10.26, which touched the intraday high of $10.31 and headed to a close of $10.26. Approximately 1.77M shares were traded over the trading day and an average volume of 1.86 million shares were traded over a 30 day period. The 52-week low of Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) shares is $6.22 and its 52-week high is $10.50. SMFG Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) has a market capitalization of $69.45billion.

About the company

Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) is a financial-holding company. It offers its services to clients like corporations, financial-institutions, governmental-organizations & public entities. It operates globally by preparing custom made solutions that meet the various local needs, primarily via SMBC’s International Banking Unit. It operates in 3 business segments: 1- banking business, 2- leasing business and 3- other business. SMFG Card & Credit, is the intermediate-holding company of Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) to hold the shares of Sumitomo Mitsui Card Co. & Cedyna Financial Corporation. Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) is the core-company that is responsible for implementing its credit-card strategy & establishing uniform business policies.

Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG), via the Treasury-Unit of SMBC, seeks to offer its services to meet needs of its customers in transactions in the money, foreign-exchange, bond & derivatives markets. SMFG Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG)’s subsidiaries include Sumitomo Mitsui Banking Corporation, The Japan Research Institute, Sumitomo Mitsui Finance, Sumitomo Mitsui Card Company & Leasing Company Limited, Limited, SMBC Friend Securities Co., Ltd, SMM Auto Finance and SMFG Card & Credit, Inc. In 2009 September Citigroup Inc. completed selling Nikko Cordial Securities to Sumitomo Mitsui Banking Corporation which is Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG)’s subsidiary.

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